Financial news and stock markets.

[Shadow.97]

@scarface

What do you think of investing in Property?

I was considering trying to leverage my "wealth" by buying houses/properties/apartments in developing countries, in areas I believe could become popular and make them better and then rent out to people. This is however a long term goal, and nothing I will do in the coming 5 years. But perhaps within 10.

The main reason is:
It seems like a good way to save money until I can afford what I want in Sweden.
"Passive income"(not really.)
And of course, I just want to do it.

[humbert]

I was considering trying to leverage my "wealth" by buying houses/properties/apartments in developing countries, in areas I believe could become popular and make them better and then rent out to people. This is however a long term goal, and nothing I will do in the coming 5 years. But perhaps within 10.

What developing countries did you have in mind? I'm assuming you did your homework and obtained as much information as possible about your possible targets.

[scarface]

Well,

The main reason is:
It seems like a good way to save money until I can afford what I want in Sweden.
"Passive income"(not really.)
And of course, I just want to do it.

As humbert said, real estate trends can vary depending on the local situations.
And real estate is globally expensive, unless you have a lot of money, that's not something I would try. And since you are still at school, I doubt you are as rich as Bin Salman.
If you want to go abroad, and if you get to know the local real estate, why not.
As for Sweden, real estate is very expensive. Maybe you should get yourself a flat first.
But even there, chances are you won't earn money if real estate prices go down.
https://medium.com/scandieland/goldman-sachs-says-swedish-property-market-heading-for-worst-crash-since-1990s-banking-crisis-b16a215413ea

Note that In many countries, it's financially more interesting to rent than to buy.
For example, in India it takes nearly 45 years for rental income to cover real estate prices !
https://www.proptiger.com/guide/post/india-asias-most-expensive-real-estate-market

[Shadow.97]

Well,

The main reason is:
It seems like a good way to save money until I can afford what I want in Sweden.
"Passive income"(not really.)
And of course, I just want to do it.

As humbert said, real estate trends can vary depending on the local situations.
And real estate is globally expensive, unless you have a lot of money, that's not something I would try. And since you are still at school, I doubt you are as rich as Bin Salman.
If you want to go abroad, and if you get to know the local real estate, why not.
As for Sweden, real estate is very expensive. Maybe you should get yourself a flat first.
But even there, chances are you won't earn money if real estate prices go down.
https://medium.com/scandieland/goldman-sachs-says-swedish-property-market-heading-for-worst-crash-since-1990s-banking-crisis-b16a215413ea

Note that In many countries, it's financially more interesting to rent than to buy.
For example, in India it takes nearly 45 years for rental income to cover real estate prices !
https://www.proptiger.com/guide/post/india-asias-most-expensive-real-estate-market

I'm just waiting on the housing market bubble to burst again.
I dont have the funds currently, and not I'm not planning on doing this for some time. I'm going to do my homework, but slowly.

[scarface]

I'm just waiting on the housing market bubble to burst again.
I dont have the funds currently, and not I'm not planning on doing this for some time. I'm going to do my homework, but slowly.

This is a wise move.
We don't know if the housing market will burst after all. Maybe it won't.
But before thinking about buying flats to rent them, It's wiser to find accomodation for yourself. If you are buying sth you can't rent, if you are not paid, if you flat is trashed by the tenants, you also have to properly account for these risks. And in this case, you can lose money.
Also, you have to note that if the flat is not expensive and if you can obtain a good rental yield, Something is amiss (in French I would say "il y a anguille sous roche"). And the risk lies in not being able to rent your apartment. That's what I was saying in this message (I was speaking about you, but don't be afraid I wouldn't leave you in my trunk): http://www.nomaher.com/forum/index.php?topic=2283.msg29572#msg29572

[scarface]

Note that I updated the topic, since some images had been deleted with the closing of hostingpics.net. I had been right concerning bitcoin and snap, when I advised against buying that.
On boursorama, I held a conference early January 2018, saying that the Bitcoin would go below 3000$ by the end of 2018. And it did.
Now I think that the world economy is facing serious threats. And I think that the s&p 500 is still very high. In this context, maybe gold mining stocks could be a good bet.

[scarface]

Today, I'm going to give you a brief overview of the stock market.

The cac 40 is going down today, following the American market decline. I bought a few socgen stocks today. Many stocks listed on the cac 40 are expensive, like LVMH or Hermes. As far as Societe generale is concerned, it gives an interesting yield now. In one year Socgen had an outstanding performance since the stock declined by 37%!

[scarface]

Today, the stock market is crumbling once again. For aa1234779 to understand what is happening, I would use the word "badaboum".
In this video, a specialist explains the situation: https://www.youtube.com/watch?v=inzc1Fh9st4

[scarface]

Tonight, I'm going to talk about Uber's initial public offering.

Over the past decade, Uber changed urban transportation, disrupted entrenched taxi industries, defied regulators the world over and beat back questions about how it was altering the nature of work. And everything is not right for the firm: in Spain for example, taxi drivers are regularly protesting: they are calling the Uber drivers "cockroaches".



A protest against Uber at porte Maillot in Paris.

On Friday, it was tamed by Wall Street.



The ride-hailing giant’s first day of trading on the New York Stock Exchange began with a drop from its initial public offering price of $45, and its stock closed down 7.6 percent. By the end of Friday, Uber’s market capitalization, accounting for stock options and restricted stock, stood at $76.5 billion — barely above the $76 billion that private investors pegged it at in August.


You are probably wondering how a company that never earnt money can be valued at 82 billion $. undoubtedly, It makes usman and Maher laugh.
It reported an operating loss of $3 billion in 2018 after losing more than $4 billion the previous year.
For Forbes too, Uber's IPO Valuation Makes No Sense: https://www.forbes.com/sites/greatspeculations/2019/04/22/ubers-ipo-valuation-makes-no-sense/#2c3ede27540d
But this is a bigger problem. In an article released 2 days ago in Le monde, we learn that Wall Street doesn't attract profitable companies any more (in French): https://www.lemonde.fr/economie/article/2019/05/11/wall-street-ne-fait-plus-rever-les-societes-americaines_5460806_3234.html

[scarface]

Today the rout continues for Uber and the stock keeps tumbling. Apparently the lane departure warnings are not only affecting self-driving cars.


Vasudev and shadow.97 must be wondering if it's not a snapchat-like stocks, the kind that is losing 50% in the first five months. We'll know that soon enough.